Federal Government Invests $500,000 Into Kawartha Metals Corp. For Advancing Steel Processing

The Federal Government has announced an investment of nearly $6.6 million for 10 Eastern Ontario organizations which includes Kawartha Metals Corp., announced on Thursday. 

Photo courtesy of Kawartha Metals Corp.

The investment is through the Federal Economic Development Agency (FedDev Ontario), which supports recipients in adopting new technologies, increasing production, strengthening supply chains and diversifying into new markets. 

Kawartha Metals Corp., a major supplier of steel, aluminum, brass, and plastic materials in Central and Eastern Ontario, is undertaking a $1 million project, with FedDev Ontario providing $500,000 to expand its advanced steel processing by integrating specialized equipment.

“The City and County of Peterborough are home to innovative businesses and organizations that play an important role in strengthening our regional economy and supporting vibrant communities,” said Emma Harrison, Peterborough-Kawartha MP. “These investments will drive growth, foster innovation and support a strong future across our community.”

“This Kawartha Metals Corp. project, supported by FedDev Ontario, is key to reducing our production costs,” said Tom Elliott, Kawartha Metals Corp. founder and owner. “In turn, it helps our manufacturing customers strengthen their operations, improve cost-effectiveness, and compete more successfully on the global stage.”

Engage with us on social media on Twitter, Instagram, Facebook, Threads, Tiktok, Youtube and LinkedIn. Write to us at tips@ptbocanada.com. Sign up for our newsletter here.